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Condemns promotion of immodesty at carnival
ALTHOUGH the g-string clad beauties who come with the controversial Bahamas Junkanoo Carnival, did not shock PLP chairman Bradley Roberts, the remarks of the eye-brow raising president of the Bahamas Christian Council certainly did.
S&P’s higher deficits on VAT ‘uncertainties’
Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.
Bank 'Resolve' could help mortgage relief
A top banker yesterday suggested the ‘Bahamas Resolve’ concept could be expanded to deal with other commercial bank ‘bad loans’, and potentially kickstart the Government’s stalled Mortgage Relief Plan.
Development Bank: Less than 30% of loans 'good'
Less than 30 per cent of the Bahamas Development Bank’s (BDB) outstanding loan portfolio was ‘performing’ at year-end 2013, with the taxpayer underwriting its operations via multi-million dollar annual subsidies.
SEC: Broker discovery objections ‘baseless’
US regulators have blasted a former Bahamian broker/dealer and its principal for allegedly using “baseless legal restrictions” to explain why they cannot produce documents relevant to their ongoing New York legal battle.
Bahamian talent something to be proud of or an embarassment?
EDITOR, The Tribune.
WORLD VIEW: Good sense on drugs absent at the U.N.
For a brief moment it appeared that good sense would prevail and the international community would ditch the failed “war on drugs” policy. But all hopes were dashed at the United Nations General Assembly special session on drugs (UNgass) last week in New York.
EDITORIAL: Let's fire Moody's for telling govt the truth!
“FIRE Moody’s if The Bahamas is given a downgrade for poor performance,” suggested former State Finance Minister James Smith on learning that Moody’s was threatening to downgrade this country’s credit rating within the next two months.
Sir Franklyn: Bahamas is ‘in very dangerous spot’
Arawak Homes’ chairman has urged ‘risk takers’ to do more if the Bahamas is to shake off its economic malaise, warning that the country “is in a very dangerous spot”.
Govt’s new security near $250m target
The Government’s new Treasury Note security will finish “pretty close” to its $250 million first-year target, with the last 2015-2016 issue oversubscribed by at least 20 per cent.
Sarkis loses bid to buy $192m claims
The Supreme Court yesterday ruled it was legally impossible for Sarkis Izmirlian to acquire the rights to Baha Mar’s $192 million damages claim against the project’s contractor.
Bahamas Bar slams its doors shut on legal expert
ON TUESDAY, The Tribune reported that the Bahamian law firm representing Sarkis Izmirlian, the developer of Baha Mar, had expressed frustration over the Bahamas Bar Association’s rejection of its application to bring in a foreign Queen’s Counsel to join their legal team.
Baha Mar and VAT ‘sucked’ $700-$900m from the economy
Baha Mar and Value-Added Tax (VAT) have collectively “sucked” between $700-$900 million out of the Bahamian economy since 2015, a local businessman estimated yesterday, amid expectations that some funds may now be recovered.
Stop ‘squeezing blood from stone’ on taxation
The Bahamas must reform a tax system that “squeezes blood from a stone”, a well-known banker argued yesterday, renewing his plea for greater “equity” via income-based taxation.
Debt jumps $256m on IMF rights borrowings
Much of the $256.2m increase in the national debt during the six months to end-December was driven by the Government’s “use” of $232.3m in IMF special drawing rights (SDRs), it has been revealed.
DIANE PHILLIPS: When hallmark holidays exact a toll on our soul, just bring on the super sports
SUPER Bowl Sunday was enough excitement for the week so when Valentine’s Day rolled around 48 hours later, some of us just weren’t quite ready for another celebratory occasion, though there’s little doubt that restaurants were full, jewellery was flying off the shelf and you couldn’t find a red rose in town unless you spray painted it.
Increasing $136m outbound transfers cause for ‘concern’
The Bahamas has “reason to be concerned” about the “growing trend” of outbound money transfers that hit $136m in 2022 as it represents incomes that are lost to this nation, it was argued yesterday.
Bank urges ‘level playing field’ creation for lending
A BISX-listed bank is calling for regulatory reforms that will create a “level playing field” between supervised and non-traditional lenders over providing credit to Bahamian borrowers.
Rating agencies set ‘true north’ on Bahamas reform
International credit rating agencies have set “almost a true north” for The Bahamas to reach when it comes to key economic and fiscal reforms, a governance reformer argued yesterday.
Regulator: ArawakX portal provider owed $28k debts
ArawakX’s assertion that it faces no creditor demands is contradicted by complaints it has failed for months to settle a $28,000 bill due to the firm that serviced its crowd-funding portal, regulators alleged yesterday.
